Here’s how additional borrowing works
Support your clients with their application to borrow more against their existing Residential and Buy to Let properties.
If your client is looking to do a rate switch as well as additional borrowing, you’ll need to submit these as separate applications. For more information please view our frequently asked questions.
Benefits for you and your client
Available in Mortgage Hub (powered by MSO)
Simple application
Procuration fee of 0.35% with a minimum of £50
Green Additional Borrowing mortgages
Debt consolidation accepted
Key information
Eligibility
- The existing mortgage must be open for at least six months
- All applications are subject to re-valuation
- The existing mortgage must not be in arrears
- Minimum term of 1 year
- Interest Only customers must have a verified repayment strategy
Key things we lend for
- Debt consolidation
- Personal consumption, e.g., car, holiday, wedding, gift to relative, etc.
- Home improvements including energy efficient upgrades such as solar panels or heat pumps
- Purchasing land or property
- Shared Ownership staircasing
Our products
We offer additional borrowing on Residential and Buy to Let mortgages, including greener living products for energy efficient home improvements.
Unfortunately, we do not offer additional borrowing for Limited Company Buy to Lets.
More about Greener living
Borrow more online
You can apply online if your client:
- Has an existing mortgage with us
- Has held their mortgage for at least 6 months
- Doesn't need to make any other changes to their mortgage, such as changing term or repayment method, adding or removing borrowers
What you need from your client:
Existing mortgage account number
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Postcode of the mortgaged property
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Names and date of birth for all applicants on the mortgage
Borrow more over the phone
In some cases your client may need to contact us directly on 03450 50 50 75 for their additional borrowing application.
We do not offer additional borrowing for debt consolidation directly.
Your client will need to call if:
- They're on a Retirement Interest Only mortgage
- They have received consent to let on their residential property
- They have less than 24 months of their mortgage term remaining
- They have a property bought under the First Homes or other Discounted Market Sale Scheme
- They have a Help to Buy or Shared Equity mortgage
Unfortunately in these circumstances we can’t pay you a procuration fee.
